Economics
China’s Economy Accelerates as Retail, Investment Pick Up
- Credit surge fuels stronger investment and industrial activity
- Faster growth is a very positive signal for global growth: IHS
China's Economy Accelerated for a Second Straight Quarter
This article is for subscribers only.
China’s economy accelerated for a second-straight quarter as investment picked up, retail sales rebounded and factory output strengthened amid robust credit growth and further strength in property markets.
Gross domestic product increased 6.9 percent in the first quarter from a year earlier, compared with a 6.8 percent median estimate in a Bloomberg survey. It was the first back-to-back acceleration in seven years.